Club president Allan Gabel said the committee's decision to go to auction was a last resort.

"Because the club is in such a (dire) financial position at the moment so unfortunately we have to sell, that is the only way out. There is nothing more we could do, we did try all our efforts to continue as a club,” he said.

Mr Gabel hopes to see it continue as a bowls club under the new owners.

"We could still play our bowls and someone else could do the administration side of things. That's the number one thing I would like to see but that will be up to other people... it's out of our hands,” Mr Gabel said.